World’s richest families worth $75B+ in a rare selling spree amid market volatility

Source Cryptopolitan

Some of the world’s wealthiest families have cashed in on the November 2024-February 2025 gains as concerns over market instability grow, fueled by echoes of a trade war. The sales have totaled $7 billion, but the dynasties could move the funds towards other investment opportunities to diversify their portfolio. 

Per a Friday report by Bloomberg, among the rich dynasties that have recently sold their positions from equities include Italy’s Agnelli family, Germany’s Reimann Dynasty, Denmark’s Kristiansen family, and South Africa’s Rupert family, all of whom have a collective net worth of $75 billion.

Since the start of US President Donald Trump’s administration, tensions over tariffs and trade policies have rattled investors. The benchmark S&P 500 Index has dipped over 2% since Trump took office. In comparison, the Stoxx Europe 600 Index has risen over 6%, benefiting firms like ISS, British American Tobacco, and Ferrari, which are all listed in Europe.

Agnelli dynasty reduces Ferrari’s stake

The Agnelli family, known for its now 30% voting rites on Ferrari NV through its holding company Exor, disclosed plans on Wednesday to sell roughly $3.1 billion worth of shares in the luxury carmaker, which accounts for about 4%. 

Speaking for Exor’s board, CEO John Elkann coined the decision as an effort to diversify investments beyond Ferrari. “The transaction will allow us to reduce our concentration and improve diversification,” reckoned Elkann.

Exor did not reveal the price at which JPMorgan and Goldman Sachs carried out the process. Still, the family remains a major stakeholder in Ferrari, accounting for about 20% of Ferari’s total shares. 

As of the end of 2024, the Agnellis are worth over $13.5 billion and hold stakes in several companies, including Royal Philips NV, Christian Louboutin Ltd, Clarivate, CNH Industrial, The Economist Group, and Iveco.

Reimann dynasty’s JAB Holding trims Keurig Dr Pepper stake

On Wednesday, JAB Holding Company, the investment firm managing the fortunes of Germany’s Reimann dynasty, publicized a reduction in its stake in soft drink company Keurig Dr Pepper Inc. The firm said it plans to sell approximately 73 million shares in a public offering, valued at around $2.5 billion based on recent closing prices.

JAB’s ownership in the beverage giant will drop to 10.7% following the transaction, and the company has agreed to a 90-day lock-up period for its remaining shares. Three JAB-affiliated board members, Joachim Creus, Frank Engelen, and Olivier Goudet, also bid farewell from Keurig Dr Pepper’s board following the share sales.

The Reimann dynasty is a family of five businesspersons coined as the “world’s most secretive billionaires” because outside of their names, no one really knows what happens in the Reimann ”household.” Renate Reimann-Haas, Stefan Reimann-Andersen, Matthias Reimann-Andersen, Wolfgang Reimann, and Andrea Reimann-Ciardelli have a summed-up net worth of $10 billion, per Bloomberg. 

Rupert’s family bids goodbye to British American Tobacco

On February 25, the second richest family in Africa, the Rupert dynasty, officially exited the tobacco industry after 76 years. Reinet Investments, controlled by the Rupert family’s eldest son and billionaire, Johann Rupert, sold its entire stake in British American Tobacco Plc for $1.4 billion. The sale was conducted through Reinet Jersey Holdings, which offloaded 43.3 million shares at $29.20 each to institutional investors.

No Reinet spokesperson provided a clear reason for the sale, but analysts suggest it aligns with the company’s gradual reduction in tobacco investments over the years. 

Peter Little, a fund manager at Anchor Capital, surmised that the move appeared less driven by environmental, social, and governance (ESG) concerns and more by a desire to look towards “investments on industries with higher growth potential.” Some sources say the Rupert family is reportedly worth between $14 billion to $17 billion, but Forbes puts the South African dynasty precisely at $14.6 billion.

On the same day as Reinet’s stock sale announcement, Denmark’s four-generation-long family that founded toy company Lego, the Kristiansens, filed to sell shares worth 1.5 billion Danish krone ($209 million) in office services company ISS on February 25.

Beyond these four families, other major investors have also been offloading shares. The Sandoz family foundation, which holds a stake in Swiss pharmaceutical giant Novartis AG, sold 2.6 billion Swiss francs ($2.9 billion) shares earlier this week. Last month, Pfizer Inc. raised $3.2 billion by cutting back on its stake in Haleon Plc. 

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Outlook 2025As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.
Author  TradingKey
Jan 23, Thu
As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
Apr 21, Mon
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in MayEthereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Author  Beincrypto
May 07, Wed
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
placeholder
Ethereum Price Ready to Surge—$2,000 Level Could Be Within ReachEthereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
Author  NewsBTC
May 08, Thu
Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
placeholder
Ethereum Price Explodes Past $2,200 with 25% Surge—Momentum Builds FastEthereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
Author  NewsBTC
May 09, Fri
Ethereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
goTop
quote